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Owns and explores the historic Hemlo gold mining camp near Marathon, Ontario, across a 45,000-hectare land package.
Owns and explores the historic Hemlo gold mining camp near Marathon, Ontario, across a 45,000-hectare land package.
Moat: narrow (installed base). Controls a large, past-producing gold camp with known infrastructure, geology and porphyry-scale upside.
Headquarters: Toronto, Canada · Founded: 2025 · Employees: 294
Size Hemlo Mining (HMMC.TO) is a Canada Materials company (Precious Metals) with a market value of $1.09B, the 238th largest of 420 Canada companies the cockpit tracks. Shares closed at C$5.16 on 6 Nov 2026.
Performance Over six months the shares fell 9.5%, against -6.4% for the median peer and +5.2% for the Canada market (cap-weighted) — 8th lowest of 20 in its peer set.
Valuation It trades at 10.8× forward earnings against a peer median of 12.2× (5th cheapest of 10).
Capital Return on invested capital runs 8.4 points below its cost of capital (7.9% WACC).
Next results Next results expected around 9 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | n/a | C$0 | C$0 | C$0 | C$0 |
| Revenue growth | — | — | — | — | — |
| Gross profit | n/a | -C$1.46M | C$0 | C$0 | C$0 |
| EBITDA | n/a | -C$7.59M | -C$118,530 | -C$403,670 | -C$1.07M |
| Net income | n/a | -C$51.6M | -C$118,532 | -C$405,982 | -C$55.1M |
| Free cash flow | n/a | -C$53.2M | -C$107,620 | -C$493,480 | C$2.49M |
| Capital expenditure | n/a | C$10.2M | C$0 | C$0 | C$0 |
| Total debt | C$640M | C$354M | C$0 | C$0 | C$0 |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Hemlo Mining HMMC.TO | $1.09B | -9% | n/a | n/a | 10.8× | n/a |
| Barrick Mining ABX.TO | $67.2B | 0% | +49% | 52% | 10.9× | -3.0% |
| Wesdome Gold Mines WDO.TO | $2.92B | +6% | +49% | 57% | 7.8× | -10.7% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | HMMC.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.4% | -7.8% | 7th highest of 21 |
| 6-month return | -9.5% | -6.4% | 8th lowest of 20 |
| Distance from 52-week high | -39.1% | -36.1% | 10th lowest of 21 |
| Forward P/E | 10.8× | 12.2× | 5th cheapest of 10 |
| ROIC minus cost of capital | -8.4 pp | -15.0 pp | 8th highest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Hemlo Mining HMMC.TO | Canada | $1.09B | -9% | n/a | n/a | 10.8× | n/a | n/a |
| Gogold Resources GGD.TO | Canada | $1.08B | +19% | +64% | 47% | 29.0× | 13.3% | +13.8% |
| RIO2 RIO.TO | Canada | $1.08B | -6% | n/a | 20% | 6.1× | 36.3% | n/a |
| New Pacific Metals NUAG.TO | Canada | $1.05B | 0% | n/a | n/a | n/a | n/a | n/a |
| Benz Mining BZ.V | Canada | $1.15B | +120% | n/a | n/a | n/a | n/a | n/a |
| Vizsla Silver VZLA.TO | Canada | $1.18B | -1% | n/a | n/a | n/a | n/a | n/a |
| EQ Resources EQR.AX | Australia | $1.01B | +6% | +150% | 11% | 4.3× | n/a | n/a |
| EACON 7687.HK | Hong Kong | $1.23B | n/a | +46% | -22% | n/a | n/a | n/a |
| i-80 Gold IAU.TO | Canada | $1.24B | -2% | +38% | -103% | n/a | n/a | n/a |
| Yunding Technology 000409.SZ | China | $960M | -18% | +6% | 6% | 69.8× | n/a | n/a |
| McEwen MUX.TO | Canada | $954M | -31% | +54% | -3% | 31.8× | 59.7% | +15.2% |
| Minerals 260 MI6.AX | Australia | $1.29B | +1% | n/a | n/a | n/a | n/a | n/a |
| AbraSilver Resource ABRA.TO | Canada | $1.30B | -37% | n/a | n/a | n/a | n/a | n/a |
| Perenti PRN.AX | Australia | $1.31B | -8% | -4% | 9% | 10.3× | -9.8% | +9.8% |
| Highlander Silver HSLV.TO | Canada | $906M | -23% | n/a | -60% | n/a | n/a | n/a |
| Omai Gold Mines OMG.V | Canada | $879M | -23% | n/a | n/a | n/a | n/a | n/a |
| Critical Metals CRML | United States | $864M | -58% | n/a | n/a | n/a | n/a | n/a |
| Pantoro Gold PNR.AX | Australia | $826M | -9% | +35% | 34% | 12.2× | -0.5% | +40.5% |
| Liberty Gold LGD.TO | Canada | $819M | +50% | n/a | n/a | n/a | n/a | n/a |
| Bellevue Gold BGL.AX | Australia | $1.46B | -16% | +14% | 5% | 13.3× | 41.2% | +13.9% |
| Orezone Gold ORE.TO | Canada | $1.46B | +31% | +93% | 40% | 6.9× | -8.0% | +110.4% |